The office of FCC chief communicator Trevor Sutter has confirmed that licensed cannabis producers will qualify as farmers under the stimulus. Farm Credit Canada (FCC) is the country’s leading agriculture and food lender. While the fight to qualify for Business Development Bank of Canada (BDC) compensation amid the COVID-19 outbreak continues, licensed cannabis producers may be able to get up to $500,000 in short-term loans under a new $5 billion Farm Credit Canada (FCC) stimulus. The Crown corporation provides “flexible, competitively priced financing, management software, information and knowledge” designed for Canada’s food and agriculture industries. Subscribe to the Cannabis Post newsletter for weekly insights into the industry, what insiders will be talking about and content from across the Postmedia Network.
While the fight to qualify for Business Development Bank of Canada (BDC) compensation amid the COVID-19 outbreak continues, licensed cannabis producers may be able to get up to $500,000 in short-term loans under a new $5 billion Farm Credit Canada (FCC) stimulus.
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